| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $20M | $21M | -30.0% | -34.5% |
| Op. Income | -$288.6K | -$116.3K | -$2M | -148.1% | 85.8% |
| Gross Margin | 8.5% | 7.8% | 0.9% | 0.7pp | 7.5pp |
| Net Margin | -1.5% | -1.0% | -9.3% | -0.4pp | 7.9pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.49 | 1.5% | 94.7% |
| Free Cash Flow | $879.3K | -$630.6K | -$780.2K | 239.4% | 212.7% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $1M |
| R&D Expenses | $512.9K |
| Selling & Marketing | $393.8K |
| General & Administrative | $551.0K |
| SG&A Expenses | $944.8K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$288.6K |
| Interest Income | $22 |
| Interest Expense | $0 |
| Other Income/Expenses | $87.5K |
| INCOME BEFORE TAX | -$201.2K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$201.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$201.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$201.2K |
| D&A | $464.8K |
| EBIT | -$201.2K |
| EBITDA | $263.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$201.0K |
| Depreciation & Amortization | $464.8K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $290.6K |
| Change in Working Capital | $324.9K |
| OPERATING CASH FLOW | $879.3K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $701.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $90.7K |
| NET CASH FROM FINANCING | $792.0K |
| FREE CASH FLOW | $879.3K |
| Net Change in Cash | $124.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $679.7K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $200.7K |
| Other Current Assets | $335.3K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $348.3K |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $5M |
| Account Payables | $116.3K |
| Short-Term Debt | $3M |
| Deferred Revenue | $180.2K |
| Other Current Liabilities | $625.8K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $422.2K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$173.1K |
| TOTAL NON-CURRENT LIABILITIES | $173.1K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $8.3K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | -$45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $160.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | -$10.2K |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $3M |
| Net Debt | $3M |
